• Fast-growing Chinese media startup ByteDance is raising $2.5B-$3B more

    4 monthes ago - By Tech Crunch

    Fast-growing Chinese media startup ByteDance is looking to raise as much as $3 billion to continue growth for its empire of mobile-based entertainment apps, which include news aggregator Toutiao and video platform Tiktok.
    The Beijing-based startup is in early-stage talks with investors to raise $2.5 billion to $3 billion, according to a source with knowledge of the plans. That investment round could value ByteDance as high as $75 billion, although the source stressed that the valuation is a target and it might not be reached.
    It's audacious, but if that lofty goal is reached then ByteDance...
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